Changes made in Tax Audit Report Assessment Year 2014-15

Sr.

No. Particulars Old Report

New Report – Changes are

reflected by Bold Letters

1. FORM NO.

3CA

3. In * my/our opinion

and to the best of *

my/our information and

according to explanations

given to * me/us, the

particulars

given in the said Form

No. 3CD and the

Annexure thereto are true

and correct.

3. In * my/our opinion and to

the best of * my/our

information and according to

explanations given to * me/us,

the particulars given in the

said Form No. 3CD and the

Annexure thereto are true and

correct subject to the

following

observations/qualifications,

if any:

2. FORM NO.

3CB

5. In * my/our opinion

and to the best of *

my/our information and

according to explanations

given to * me/us, the

particulars given in the

said Form No. 3CD and

the Annexure thereto are

true and correct.

5. In * my/our opinion and to

the best of * my/our

information and according to

explanations given to * me/us,

the particulars given in the

said Form No. 3CD and the

Annexure thereto are true and

correct subject to the

following

observations/qualifications,

if any:

3.

FORM NO.

3CD –

PART A

-

4. Whether the assessee is

liable to pay indirect tax like

excise duty, service tax, sales

tax, customs duty,etc. if yes,

please furnish the registration

number or any other

identification number allotted

for the same.

4.

FORM NO.

3CD –

PART A

-

8. Indicate the relevant clause

of section 44AB under which

the audit has been conducted.

5.

FORM NO.

3CD –

PART B

9. (a) Whether books of

account are prescribed

under section 44AA, if

yes, list of books so

prescribed.

(b) Books of account

maintained.

(In case books of account

are maintained in a

computer system,

mention the books of

account generated by

such computer system.)

11. (a) Whether books of

account are prescribed under

section 44AA, if yes, list of

books so prescribed.

(b) List of books of account

maintained and the address

at which the books of

accounts are kept.

(In case books of account are

maintained in a computer

system, mention the books of

account generated by such

computer system. If the books

(c) List of books of

account examined.

of accounts are not kept at

one location, please furnish

the addresses of locations

along with the details of

books of accounts

maintained at each location.)

(c) List of books of account and

nature of relevant

documents examined.

6.

FORM NO.

3CD –

PART B

10. Whether the profit

and loss account

includes any profits and

gains assessable on

presumptive basis, if yes,

indicate the amount and

the relevant sections

(44AD, 44AE, 44AF, 44B,

44BB, 44BBA, 44BBB or

any other relevant

section).

12. Whether the profit and

loss account includes any

profits and gains assessable on

presumptive basis, if yes,

indicate the amount and the

relevant sections (44AD, 44AE,

44AF, 44B, 44BB, 44BBA,

44BBB, Chapter XII-G, First

Schedule or any other relevant

section).

7.

FORM NO.

3CD –

PART B

-

17. Where any land or building

or both is transferred during

the previous year for a

consideration less than value

adopted or assessed or

assessable by any authority of

a State Government referred to

in section 43CA or 50C, please

furnish:

A. Details of property

B. Consideration received or

accrued.

C. Value adopted or assessed

or assessable.

8.

FORM NO.

3CD –

PART B

15. Amounts admissible

under sections -

(a) 33AB

(b) 33ABA

(c) 33AC (wherever

applicable)

(d) 35

(e) 35ABB

(f) 35AC

(g) 35CCA

(h) 35CCB

(i) 35D

(j) 35DD

(k) 35DDA

15. Amounts admissible under

sections –

32AC

33AB

33ABA

33AC Omitted

35(1)(i)

35(1)(ii)

35(1)(iia)

35(1)(iii)

35(1)(iv)

35(2AA)

35(2AB)

(l) 35E:-

(a) debited to the profit

and loss account

(showing the amount

debited and deduction

allowable under each

section separately);

(b) not debited to the

profit and loss account.

35ABB

35AC

35AD

35CCA

35CCB

35CCC

35CCD

35D

35DD

35DDA

35E

9.

FORM NO.

3CD –

PART B

16(b) Any sum received

from employees towards

contributions to any

provident fund or

superannuation fund or

any other fund

mentioned in section

2(24)(x); and due date for

payment and the actual

date of payment to the

concerned authorities

under section 36(1)(va).

20(b) Detail of contributions

received from employees for

various funds as referred to in

section 36(1)(va).

10. FORM NO.

3CD –

PART B

(f) amounts inadmissible

under section 40(a);

21 (b) Amounts inadmissible

under section 40(a):-

i. As payment to non-resident

referred to in sub-clause (i)

A. Detail of payment on which

tax is not deducted:

I. Date of payment

II. Amount of payment

III. Nature of payment

IV. Name and address of the

payee

B. Detail of payment on which

tax has been deducted but has

not been paid during the

previous year or in the

subsequent year before the

expiry of time prescribed under

section 200(1)

I. Date of payment

II. Amount of payment

III. Nature of payment

IV. Name and address of the

payee

Amount of tax deducted

As payment to non-resident

referred to in sub-clause (ia)

C. Detail of payment on which

tax is not deducted:

I. Date of payment

II. Amount of payment

III. Nature of payment

IV. Name and address of the

payee

D. Detail of payment on which

tax has been deducted but has

not been paid on or before the

due date specified in sub-

section (1) of section 139.

I. Date of payment

II. Amount of payment

III. Nature of payment

IV. Name and address of the

payee

Amount of tax deducted

Amount out of (V) deposited, if

any

i. Under sub-clause (ic)

[Wherever applicable]

ii. Under sub-clause(iia)

iii. Under sub-clause(iib)

iv. Under sub-clause(iii)

I. Date of payment

II. Nature of payment

III. Name and address of the

payee

i. Under sub-clause(iv)

ii. Under sub-clause(v)

11. FORM NO.

3CD –

17(h) (A) whether a

certificate has been

PART B obtained from the

assessee regarding

payments relating to any

expenditure covered

under section 40A(3) that

the payments were made

by account payee

cheques drawn on a

bank or account payee

bank draft, as the case

may be; Yes No

(B) amount inadmissible

under section 40A(3),

read with rule 6DD [with

break-up of inadmissible

amounts;

21(d) Disallowance/deemed

income under section 40A(3)

(A) On the basis of the

examination of books of

account and other relevant

documents/evidence, whether

the expenditure covered under

section 40A(3) read with rule

6DD were made by account

payee cheque drawn on a bank

or account payee bank draft. If

not, please furnish the details:

(B) On the basis of the

examination of books of

account and other relevant

documents/evidence, whether

the payment referred to in

section 40A(3A) read with rule

6DD were made by account

payee cheque drawn on a bank

or account payee bank draft. If

not, please furnish the details

of amount deemed to be the

profits and gains of business

or profession under section

40A(3A);

12. FORM NO. 24. Amounts deemed to be

3CD –

PART B

19. Amounts deemed to

be profits and gains

under section 33AB or

33ABA or 33AC

profits and gains under section

32AC 33AB or 33ABA or

33AC.

13.

FORM NO.

3CD –

PART B

-

28. Whether during the

previous year the assessee has

received any property, being

share of a company not being

a company in which the public

are substantially interested,

without consideration or for

inadequate consideration as

referred to in section

56(2)(viia), if yes, please

furnish the details of the same.

14.

FORM NO.

3CD –

PART B

-

29. Whether during the

previous year the assessee

received any consideration for

issue of shares which exceeds

the fair market value of the

shares as referred to in section

56(2)(viib), if yes, please

furnish the details of the same.

15. FORM NO. 31(c) Whether the taking or

3CD –

PART B

24(c) Whether a

certificate has been

obtained from the

assessee regarding taking

or accepting loan or

deposit, or repayment of

the same through an

account payee cheque or

an account payee bank

draft.

Yes No

The particulars (i) to (iv)

at (b) and the Certificate

at (c) above need not be

given in the case of a

repayment of any loan or

deposit taken or accepted

from Government,

Government company,

banking company or a

corporation established

by a Central, State or

Provincial Act;

accepting loan or deposit, or

repayment of the same were

made account payee cheque

drawn on a bank or account

payee bank draft based on the

examination of books of

account and other relevant

documents

The particulars (i) to (iv) at (b)

and comment at (c) above

need not be given in the case

of a repayment of any loan or

deposit taken or accepted from

Government, Government

company, banking company or

a corporation established by a

Central, State or Provincial

Act;

16.

FORM NO.

3CD –

PART B

-

32(c) Whether the assessee has

incurred any speculation loss

referred to in section 73 during

the previous year, If yes,

please furnish the details of

the same.

17.

FORM NO.

3CD –

PART B

-

32(d) whether the assessee has

incurred any loss referred to in

section 73A in respect of any

specified business during the

previous year, if yes, please

furnish details of the same.

18.

FORM NO.

3CD –

PART B

-

32(e) In case of a company,

please state that whether the

company is deemed to be

carrying on a speculation

business as referred in

explanation to section 73, if

yes, please furnish the details

of speculation loss if any

incurred during the previous

year.

19.

FORM NO.

3CD –

PART B

26. Section-wise details

of deductions, if any,

admissible under

33. Section-wise details of

deductions, if any, admissible

under Chapter VIA or Chapter

III (Section 10A, Section

Chapter VIA.

10AA).

20.

FORM NO.

3CD –

PART B

27. (a) Whether the

assessee has complied

with the provisions of

Chapter XVII-B regarding

deduction of tax at

source and regarding the

payment thereof to the

credit of the Central

Government.

Yes No

(b) If the provisions of

Chapter XVII-B have not

been complied with,

please give the following

details*, namely:-

Amount

(i) Tax deductible and not

deducted at all

(ii) shortfall on account of

lesser deduction than

required to be deducted

34(a). Whether the assessee is

required to deduct or collect

tax as per the provisions of

Chapter XVII-B or Chapter

XVII-BB, if yes please furnish

details.

(b) Whether the assessee has

furnished the statement of tax

deducted or tax collected

within the prescribed time. If

not, please furnish the details.

(c) Whether the assessee is

liable to pay interest under

section 201(1A) or section

206C(7). If yes, please furnish

details.

(iii) tax deducted late

[ITR62;3CD,1]<1>

Printed From

(iv) tax deducted but not

paid to the credit of the

Central Government

*Please give the details of

cases covered in (i) to (iv)

above.

21.

FORM NO.

3CD –

PART B

29. In the case of a

domestic company,

details of tax on

distributed profits under

section 115-O in the

following form :—

(a) total amount of

distributed profits;

(b) total tax paid thereon;

(c) dates of payment with

amounts.

36. In the case of a domestic

company, details of tax on

distributed profits under

section 115-O in the following

form :—

a. total amount of distributed

profits;

b. amount of reduction as

referred to in section 115-

O(1A)(i)

c. amount of reduction as

referred to in section 115-

O(1A)(ii)

d. total tax paid thereon; date

of payment with amounts.

22.

FORM NO.

3CD –

PART B

30. Whether any cost

audit was carried out, if

yes, enclose a copy of

the report of such audit

[See section 139(9)].

37. Whether any cost audit

was carried out, if yes, give the

details, if any, of

disqualification or

disagreement on any

matter/item/quantity as may

be reported/identified by the

auditor.

23.

FORM NO.

3CD –

PART B

31. Whether any audit

was conducted under the

Central Excise Act,

1944, if yes, enclose a

copy of the report of such

audit.

38. Whether any audit was

conducted under the Central

Excise Act, 1944, if yes, give

the details, if any, of

disqualification or

disagreement on any

matter/item/quantity as may

be reported/identified by the

auditor.

24.

FORM NO.

3CD –

PART B

-

39. Whether any audit was

conducted under section 72A

of the Finance Act, 1994 in

relation to valuation of taxable

services, if yes, give the details,

if any, of disqualification or

disagreement on any

matter/item/quantity as may

be reported/identified by the

auditor.

25.

FORM NO.

3CD –

PART B

-

41. Please furnish the details

of demand raised or refund

issued during the previous

year under any tax laws other

than Income Tax Act, 1961

and Wealth Tax Act, 1957

alongwith details of relevant

proceedings.